US committee approves SLR relief

The Financial Services Committee of the US House of Representatives on Wednesday waved through a bill that could allow banks to remove initial margin for centrally cleared derivatives from their leverage exposure, and thus hold less capital.

By Costas Mourselas

22 Mar 2018

The bill addresses concerns of many industry players over how the Supplementary Leverage Ratio, a creation of the Basel Committee, applies to derivatives exposure. The SLR is supposed to be a way to force banks to hold capital against exposures that are either on or off balance sheet,
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